Silver Rate Today 16 September 2026: State-Wise Prices

Silver Rate Today 16 September 2026: State-Wise Prices

New Delhi, September 16, 2026: Silver prices in India are showing differences across states and cities today. According to the latest available state-wise commodity data, silver prices across several major Indian states are around ₹2.57 lakh to ₹2.69 lakh per kg. Gujarat and Kerala are listed at around ₹2,68,900 per kg, while West Bengal, Punjab and Karnataka are around ₹2,56,900 per kg in the cited state-wise data.

Global silver prices were also active on September 16. Reuters reported spot silver at around $64.60 per ounce, with precious metals trading amid expectations surrounding the US Federal Reserve's policy decision.

Silver Rate Today: State-Wise Price List

The state-wise figures above are based on India Today's September 16, 2026 silver-price data.

Why Do Silver Prices Differ Across States?

Silver prices can vary between markets because of international silver prices, currency movements, industrial demand, domestic demand, import costs and local market conditions.

On September 16, silver also saw strong movement in the domestic futures market. Economic Times reported a rise of around ₹4,000 per kg in MCX silver during Wednesday's trading session.

Silver Buying: What Should You Check?

The displayed rates are indicative market/retail rates. The final amount paid for silver jewellery or articles can be higher because of GST, making charges, design charges and dealer margins.

Buyers should therefore confirm the live rate with their local jeweller before making a purchase.

Important: Silver rates can differ between sources because of different update times, locations, purity specifications and pricing methodologies. Current sources for September 16 also show variations between cities.